BQE Water Inc. V.BQE

NCIB: Gotta do Something with the Cash !

[Lire02]

Normal Course Issuer Bid for up to 62ish thousand shares over the next year .....I suspect there hasn't been that many shares traded in the past two years. 
 
The two major complaint about BQE and its shares have been the low current market cap ( $35ish million) and lack of liquidity with only 1.25 million shares outstanding. This move by the company
should give some confidence to minority shareholders  that at current levels the shares represent great value, and going forward the excess cash being generated could/should be directed into dividends rather than share buybacks.

Hopefully, in the near term, the result will be significantly increased 
liquidity. And then, hopefully, we can get some major investment banks to cover the company.

In the mean time, we'll have to let the company's results do the talking .

[cantlose22]

This post has been removed in accordance with Community Policy

[Shark69]

Hi Lire02, I think this makes sense in light of everything, showing the world the company not only agrees with us all, that shares are undervalued, but its the best use of funds at this time. Don't know if you listened to the call they had, but they did exaplin everything was on the table including aqusitions etc.  Your gripes about the share price (dont think I would call them

[Lire02]

I gather that the buy back program starts Dec 12, 2022 although it already seems to have had an effect on the share price- up a couple of bucks yesterday.  Clearly, given the company's incredibly conservative cash management to date we can reast assured that they are not going to go crazy buying back shares at inflated prices, but allowing shares to trade at unreasonable discounts does

[Lire02]

Positive sign that two big, insider shareholders, Stein and Hubbard continue to acquire  shares, and CEO David Kratochvil sharply increased his shareholdings through exercise of options ( well deserved).  That, along with the continuing positive operational wins  and recently announced share buyback program should attract  investors', new and old, attention .